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June 20, 2016 The Cavaliers won the first NBA championship
On June 20, 2016 (May 16, 2016), the Cavaliers won the NBA championship for the first time. James (right) of the Cavaliers held NBA Finals Most Valuable Player Award and O'Brien Championship Trophy. On June 20, 2016, NBA history, no team has ever been able to complete the reversal without falling behind 1-3 in the Finals, but the Cavaliers with James Emperor rewrote history today! In the NBA Finals tiebreaker this morning in Beijing time, the Cavaliers defeated the Warriors 93-89 away, with a total score of 4-3 to reverse their opponents and win the first championship trophy in team history. James, who contributed "triple-double" data, was elected the Finals Most Valuable Player (FMVP) by unanimous votes. In this game, the two teams "bitten" for the whole game, and the point difference was never pulled to double digits. With 6 minutes left in the final game, the Warriors once surpassed 85-83. However, at a critical moment, Curry, who had been playing poorly in the finals, became the "background board" for Irving's lore, and James made one of the last two free throws to seal the victory. At the final whistle, James fell to his knees, covered his face and cried... "Cleveland! The championship is only for you!" James, who finally got his wish, had 27 points, 11 rebounds and 11 assists, making him the third player in history to contribute a "triple-double" in the finals tiebreak. The team owner's net worth has increased nearly 5 times in 10 years. In 2005, Gilbert bought 85% of the Cavaliers' shares for $375 million and became the big boss. Since then, he has been investing heavily in the team, whether it is James's first years in the Cavaliers, or the return of the latter to Cleveland in 2014 to lead the team to the Finals for two consecutive years, and then to win the championship. The total salary of the team is hundreds of millions of dollars, the total salary of the NBA league ranks first, and the luxury tax paid to the league in 2015 is nearly 60 million dollars... An industry expert who has long studied NBA told reporters that the Cavaliers boss has been throwing money at the team for a long time, not only giving players high salaries, but also rebuilding the stadium, buying planes for the team and other "regardless of investment". Judging from the long-term investment obtained by the team, the Cavaliers should now be "worthy of their name". The reporter noticed that according to the data released by Forbes, Gilbert's net worth has also risen sharply in the past 10 years. From 800 million dollars at the beginning of the acquisition in 2005, it has risen to 4.70 billion dollars in 2015, an increase of nearly 5 times. At the same time, in the two years since James returned to the Cavaliers, the team's valuation has also doubled, from $515 million in 2014 to $1.10 billion in 2016. The Cavaliers boss has invested a decade in Beijing time on June 20, and the NBA finals of the fierce battle for 7 games finally came to an end. After a hard fight, the Cavaliers defeated the Golden State Warriors 93-89 to win the first championship in the history of the team, breaking the curse of Cleveland's 52-year uncrowned city. James, who rewrote NBA history, finally brought the first championship trophy to his hometown. Gilbert, the owner of the Cavaliers for 11 years, is also a hero that cannot be ignored in this city. In 2005, Gilbert bought an 85% stake in the Cavaliers for $375 million and became the latter's big boss. The following year, the Cavaliers reached the Finals. However, in the following four years, James never got his wish to win the championship, which finally prompted him to make a decision in 2010 and switch to the Miami Heat. After James left, the Cavaliers missed the playoffs for four consecutive years until he returned to his hometown team in 2014. In the 2014-2015 season, the Cavaliers suffered a lot of injuries and lost to the Finals again. Gilbert, who vowed to bring a championship to Krishna, gritted his teeth and made a blood loss. As soon as the free market opened, he spent nearly $230 million in one go, with three star contract renewals, and paid nearly $60 million in luxury tax to the league, ranking second in history. Gilbert, who spent more than $200 million a season, also received public praise from James for his determination. Behind the Cavaliers' counterattack this year, it was the big boss's investment at all costs that laid the foundation for the team. However, behind Gilbert's seemingly crazy move, there is also his own business logic. In an interview, he said, "It would be stupid not to spend money, because we have already invested a lot for the Cavaliers. If you don't continue to invest, I think it is stupid in many ways. "In fact, after 11 years of running the Cavaliers, Gilbert has already made huge business gains. In 2005, after he acquired the Cavaliers, his net worth was 800 million US dollars, and in the 2015 Forbes list, Gilbert's net worth has skyrocketed to 4.70 billion US dollars, and the owner's business empire is still expanding, covering fields from finance to real estate, from high-tech to NBA team. In 2015, the valuation of the Cavaliers team also rose from 515 million US dollars to 900 million US dollars, and in early 2016, the value of the Cavaliers has soared to 1.10 billion US dollars. Business tycoons have diverse businesses. In fact, Gilbert is also a famous millionaire in the United States. In addition to the Cavaliers, he also owns the AHL (American Hockey League) Lake Erie Monsters, and he is also the founder and chairperson of QuickenLoans and RockFinancial, the national leader in online lending. For Gilbert, who has always declared that "money is earned, not saved", the action in the capital markets has not stopped. In May, Reuters reported that Warren Buffett is backing a consortium including Gilbert, the founder of QuickenLoans, in their bid for Yahoo's Internet portfolio business. Although Yahoo is now in decline, its core asset Internet business is still regarded as a piece of fat. Wall Street analysts expect Yahoo's core assets to be worth between $4 billion and $8 billion. This is not the first time Gilbert and Buffett have "held hands". Earlier, Buffett's Berkshire Hathaway and Gilbert's QuickenLoans partnered to provide $1 billion to those who guessed the results of all the 2014 NCAA games. It is worth noting that Gilbert, a Detroit native, played an important role in the city's reconstruction, and even the US media called it "the city's renaissance". Detroit, the birthplace of the US auto industry, declared bankruptcy in July 2013, becoming the largest bankrupt city in the history of the United States. The number of residents dropped from 2 million to 700,000. Since then, Gilbert has continued to acquire Detroit real estate, with a scale of more than 700,000 square meters. He moved 12,000 of his scattered employees and all his subsidiaries to Detroit; at the same time, he also tried to attract some emerging companies to help Detroit regain its past vitality. Interestingly, the Cavaliers and Warriors have the same Chinese sponsor, ZTE. Therefore, no matter who wins the championship, ZTE is already a winner. ZTE is the official smartphone sponsor of these NBA teams. Last October, ZTE signed a new Cavaliers team, along with the Chicago Bulls. Together with the Rockets, Warriors and New York Knicks, it sponsors a total of five NBA teams. In fact, since 2013, ZTE and NBA (China) reached a three-year cooperation agreement. On June 20, the "Daily Economic News" reporter learned from ZTE that "NBA marketing promotes the ZTE brand", including "brand perception improvement" and "sales pull". According to data provided by ZTE, in 2015, ZTE's overall shipments of smartphones in the United States reached 15 million units, an increase of 69% over the same period last year. Smartphone shipments increased by 41%, and mobile phone shipments increased by 53%. It is currently the largest Chinese smartphone brand in the US market. "With NBA marketing, Chinese companies can expand the US market, but in the end they will feed back the Chinese market." According to Fu Zhenghao, a long-time sports industry observer who has studied NBA. He pointed out that at present, the NBA sponsored by Chinese companies has now "stabilized". Li Ning is one of the earliest Chinese brands to sponsor NBA. In January 2005, Li Ning spent millions of dollars to become a strategic partner of NBA. Later, sports brands such as Peak and Anta were frequent customers of sponsoring NBA. "2009-2011 was a peak period." According to Fu Zhenghao, at that time, many sports brands such as Li Ning and other Chinese companies sponsored NBA, but in recent years it has become more "rational" because in fact "apart from the two ways of sponsoring NBA leagues and sponsoring stars, it is difficult for people to want a more in-depth marketing model." Sponsorship NBA to hope to expand the US market, in the past, there are some unsuccessful precedents. Fu Zhenghao pointed out that a famous domestic sports brand has also tried to develop the US market before, but it was not successful. Therefore, he believes that advertising sponsorship, more brands are to return to the domestic market influence.


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17WorldNews[2025.09.27-13:44] 访问:80
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